Question: Complete Problem 4-6A on page 291 and Problem 4-7A on page 292 on a piece of paper and then answer the following questions. In Step
Complete Problem 4-6A on page 291 and Problem 4-7A on page 292 on a piece of paper and then answer the following questions. In Step 1 of the closing entries what was the total amount posted to the Income Summary account when closing the revenue account(s)? Choose... What is the current portion of the Long- Term Notes Payable? Choose... Choose... e In Step 3 of the closing entries what was the amount posted to the Capital account to close out the Income Summary account? What is the opening balance of the Owners' Capital account at January 1, 2020? Choose... . Complete Problem 4-6A on page 291 and Problem 4-7A on page 292 on a piece of paper and then answer the following questions. In Step 1 of the closing entries what was the total amount posted to the Income Summary account when closing the revenue account(s)? Choose... What is the current portion of the Long- Term Notes Payable? Choose... Choose... e In Step 3 of the closing entries what was the amount posted to the Capital account to close out the Income Summary account? What is the opening balance of the Owners' Capital account at January 1, 2020? Choose
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